3min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

Cloud Is Reimagining My Market

The problem with Adobe is like that's a business model disruption that they could not afford in the public markets because if you Conditioned a set of institutional investors to be expecting seven to eight billion dollars of annual free cash flow And all of a sudden you're willing to torch it to take a quarter of that and take it free. The point the point you guys are making is more Broad which is it's not just about Adobe. This is the classic innovators dilemma Right like any big company that reaches maturity in their market and has scale and has cash flows.

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